Hey kids! Did you know the government borrows money, just like you might borrow from a piggy bank? These loans are called bonds, and their prices go up and down. Today, we'll look at what's happening with US bonds!
- The price of US bonds went down a little.
- People are waiting to hear from the Federal Reserve (the bank for banks!) about what they'll do with interest rates.
- Interest rates are like the cost of borrowing money; if they go up, borrowing gets more expensive.
- There's some uncertainty about the economy and new government plans.
| Fact | Number |
|---|---|
| 10-year bond rate | Around 4.52% |
| Amount of 3-year notes auctioned | $58 billion |
| Expected rate cuts by year-end (market prediction) | ~36 basis points |
